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A Multi-Indicator Expert Advisor with Trailing and Breakeven Stops

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Summary

This document describes an Expert Advisor that combines signals from two standard deviation indicators, MACD, CCI, and ATR. The standard deviation and CCI inputs use four-hour data, while MACD and ATR use fifteen-minute data. The EA also reads fifteen-minute open and close prices, and its indicator timeframes are fixed in the implementation rather than exposed as user settings.

The position management logic trails open trades and moves stops to breakeven when conditions allow. The document identifies the indicators and timeframes but does not explain the entry rules, parameter values for several indicators, or the criteria for trailing and breakeven adjustments. It presents no performance results or backtest evidence, so the strategy's profitability and behavior across instruments cannot be assessed from this description alone.

Key ideas

  • The EA uses two standard deviation measures, MACD, CCI, and ATR to generate trading signals.
  • The standard deviation and CCI calculations use four-hour data, while MACD and ATR use fifteen-minute data.
  • The indicator timeframes are fixed in the implementation and are not user-configurable.
  • The EA trails positions and can move stops to breakeven, but the precise rules are not described.

Tags

Technical indicatorsRisk management

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.